Sapphire Fibres Limited Proposes Significant Increase in Authorized Share Capital at Extraordinary General Meeting

Karachi, Sapphire Fibres Limited has announced its intention to increase its authorized share capital significantly. The company’s board of directors has recommended raising the authorized share capital from Rs. 350,000,000 to an impressive Rs. 27,350,000,000. This proposed increase is aimed at facilitating future growth and expansion plans.

In a disclosure of material information, Sapphire Fibres Limited revealed that an extraordinary general meeting has been scheduled for Wednesday, June 21, 2023, in Karachi.